Daily Speculations

The Web Site of Victor Niederhoffer & Laurel Kenner

Dedicated to the scientific method, free markets, deflating ballyhoo, creating value, and laughter;  a forum for us to use our meager abilities to make the world of specinvestments a better place.

 

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IMPROVISATION: Masters are like generals; it takes an emergency to reveal their genius.

A TIME FOR ALL THINGS: There is a time attack and a time to defend, and there is a time wait and see; and you must know when to do what.

MAGIC POWERS: Some masters seem to lead charmed lives escaping certain defeat or winning hopeless games: but behind their charmed lives are years of work and study.

THE THREE I S: I don't think that the programmed knowledge of the computer will make the individual player an expert or a master. What really helps us improve is: our intelligence, our imagination, and our intuition.

THE NEW LOOK: Sometimes originality is just a new way of looking at an old line of play.

THE BITTER END: Some games are lost in the first five minutes, but far more are lost in the last five minutes.

MUDDLING THROUGH: You rarely stumble into winning games, but you can easily stumble into losing positions; especially in the middle game.

THE COMPUTER AGE: In spite of all the computers the playing of Chess and Checkers is not basically different. Those who oppose the computers across the board will have to know much more play, and that is all for the best.

SOUND ADVICE: Do not play all the lines that you know, but know all the lines that you play.

THE BOTTOM LINE: A gross mistake is a hundred and forty-four times worse than an ordinary mistake.

THE BOTTOM LINE: The easiest way to solve a tough problem in nearly always wrong.

POINT OF NO RETURN: We don't always make one sudden losing move: rather we drift and make one weak move after the other, thereby feeding the seeds of defeat.

A ROSE GARDEN: You can't harvest winning games if you haven't planted the seeds of victory.

YOU MUST FIGHT BACK: If you let a loss demoralize you the Game of Life is not worth playing. You have to set them up and play another game!

NO-RISK POLICY?: There is nothing more dangerous than a lack of caution unless, perhaps it's too much caution.

AMBITION: You have to burn the midnight oil if you want to set the Checker World on fire.

THE LONG AND THE SHORT: Good players appreciate "economy." They try to avoid long" Raggedy Ann" endings, yet they can handle them when necessary.

BITE THE BULLET: Don't wear yourself out on the "must" moves: save your time for the difficult moves.

A DOUBTING THOMAS: If you want to be certain of your position, you must begin by doubting it.

THE ATTRACTION: Chess and Checkers must be learned, and relearned, over and over.  That's what holds us, often for a lifetime!

UNSOUND PLAY: A win by an unsound combination, however showy, fills me with artistic horror. --Wilhem Steinitz

"OLD FAITHFUL": I have often been asked why I always play 11-15, and I reply: That's where the wins are."

USE YOUR HEAD, LOOK AHEAD: Always look as far ahead as you can; and then look one more move.

THE STARS OF TOMORROW?:  If more good players wrote more good books, we'd surely have more good players.

READER'S DIGEST: Do not try to remember more play than you can digest: it is better to know less and understand more.  That is real progress.

REASON-ABLE: Your intuition may, at times, lead you to the right move, but it won't really help until you find out why it works.

BOTTOM LINE: Never interfere with your opponent when he is destroying himself. ---Napoleon.

INACTION IN ACTION: Many games are won by the art of judicious leaving-alone of queens and men.  This negative habit often develops into a win.

IDIOT SAVANTS: There are genius players who have "sixth sense", but some of them do not have the other five!

FOOL'S GOLD: The search for a foolproof system is always in vain.

NO GUARANTEED GAMES:  The good player knows when to play for a win, when to play for a draw, and finally, when to resign.

THE UNEXPECTED: Unless you are prepared to expect the unexpected, be prepared to expect the unexpected defeat.

HE ALSO SERVES...: The master knows exactly the right moment to do nothing.

BUILD WELL: A good game, like a good house, must have a strong foundation.

THE BOTTOM LINE: Never say die.  Good players may resign, but never give up.

V FOR VICTORY:  Vision, plus versatility, plus valor, lead the Vanguard.

BIG GAME! :  Remember, when you are out hunting dragons, sometimes the dragon wins.

ZOOLOGY: A good player should be part fox, part elephant, part bloodhound, and part mule.

THE BOTTOM LINE: A game without danger, or doubt, or defeat, would hardly be worth the playing.  You must risk the slings and arrows of warfare to enjoy.

A WONDER-FULL LIFE!  When you are playing and let your mind wander, you may soon start to wonder: What happened to my wins? What happened to my draws?  It may be a "board of recreation," but it demands strict attention at all times.

THE RAZOR'S EDGE:  It isn't only the number of games you win that count, it's the number of drawn games you don't try to win.  In short, don't overplay what you consider a slight edge.

MAKE HASTE SLOWLY: Many players expect to understand Chess, or Checkers, in a comparatively short time; but they are doomed to failure, unless they are geniuses. (There are few Bobby Fischers or Marion Tinsleys.)

THE MIDDLE WAY: The winning players are not too cautious or too aggressive; they have discovered the golden mean.

THE UNEXAMINED GAME: Little errors untended, I've discovered too often, have a way of turning into big ones.

TAKE THE DRAW AND RUN: If you insist upon trying to win a draw, you may succeed...for your opponent.

KEEP AN OPEN MIND: Chess and checker students lose games because they can resist everything but temptation.

STRIKE... : When the time is right you must seize the moment, or forever hold your peace.

A COMMON FAILING: One of the greatest errors in Chess or Checkers is to think you have everything under control.

GO FOR THE JUGULAR: A player should never pull his punches, especially when he has the strong side.

LOOKING BACK: Exploring the lines of yesterday's masters may be as important as knowing today's latest moves.

NO RADAR: In many cases the player who is closest to the danger does not recognize it until it it too late.

THE PAUSE THAT REFRESHES: You must learn to pause and study the position closely: it will save you from many a defeat.

ALL THINGS CONSIDERED: Time, space and psychology figure in nearly every game we play, yet most players fail to take them into serious consideration. Do you?

A MASTER'S TRIPOD: Some players have ability and knowledge, but lack discipline; without the third leg the tripod falls.

HE ALSO SERVES..: The master knows exactly the right time to do nothing.

NEW IDEAS WIN NEW GAMES: Your manuscript needs a continuous flow of new cooks and ideas. It should be a living, breathing document. Start one today.

TROJAN HORSE: Learning how to refuse proffered material-that may be tainted-is an art: cultivate it.

UNITY AND STRENGTH: It is important to keep your forces together, yet flexible, ready to attack-or-defend, as the game develops. Any general will tell you that a divided army is hardly headed for victory.

POINT OF VIEW: Don't worry about how far ahead you can see, just make sure you're looking in the right direction.

WINNING IS NOT EVERYTHING: The longer I live the more importance I attach to playing on the square, and the less importance I attach to "winning at all costs".

HAPPY ENDINGS: A good move may not seem to pay off in the opening, or in the middle game but it will show its worth in the ending.

THE QUIET MASTERS: The greater the players the more they observe and the less they say: they file away the best play for future rainy days. That's why the Tinsleys and the Kasparovs are never without a good cook when one is needed. File away your good play and be ready for "The Day".

THE LONG HUNT : Strange as it seems, you often find your best play when you are not looking for it. In the past I have discovered some of my "cooks" while checking old play. So keep on looking, you never know what gold you will find.

WHEN FORCE BECOMES FARCE: The blunderbuss attack seldom , if ever, works in Chess and Checkers. Subtlety is the real secret of success and is more apt to win, whereas the clumsy combination is bound to fail. It is seldom necessary, or even useful, to bully your way to a win.

NINETY-NINE PERCENT PERFECT ISN'T ENOUGH: When a pitcher has a perfect game for eight and two-thirds innings and then allows a hit, it is not a perfect game; and when you play perfectly for ninety-nine percent of the game, and then make a mistake, you lose perfection and the game.

WISDOM AND PRECISION : Chess is the philosophy of life. -- Arthur Bisguier Checkers is the mathematics of life. -- Tom Wiswell.

THE BOTTOM LINE : Knowledge is not much good without wisdom; and wisdom is not much good without knowledge. You need both to be a winner.

QUALITY, NOT QUANTITY: Do not retain a lot of useless information; keep your manuscript lean by selectivity, and the study of transpositions. Study The Dyke, The Defiance, The Pioneer, and similar openings, because you are then studying many openings from one.

DEVELOP THE NEGATIVE: When watching the good players in competition -- be sure to make note of the moves that are not made. That makes all the difference.

A MOVE AT A TIME: You walk a mile a step at a time; you play a game a move at a time: and you must win a tournament a round at a time. Chess and Checker matches and tournaments require a great deal of patience. (reminds of saying: How do you eat an elephant? . A bite at a time.)

THE ENDLESS ENDING: You have to spend five years on the opening, ten years on the midgame, and a lifetime on the ending.

STRIKE WHILE THE IRON IS HOT: Exploit an advantage in the position immediately, before your opponent regroups and equalizes the game.

PREVENTIVE PLAYING: Some players seem to have the knack of getting out of trouble; but it is even better if you have the knack of staying out of trouble.

HOISTED BY MY OWN PETARD: I can stand falling into someone else's trap, but to lose by my own play is unbearable.

MIGHT AND RIGHT: Numbers do not always guarantee victory: real power often resides in position and timing.

TODAY IS NOW: Yesterday's wins and losses are yesterday's wins and losses -- and the yesterdays are gone.

CONTROL: You will take charge of your game during the early stages, or your game will take charge of you during the later stages.

SEIZE THE MOMENT: A passive move is best met with an aggressive reply-or an opportunity and the game, may be lost.

HOUDINIS: Having a champion in a loss-and winning it-are two different things: they are master escape artists and know many ways to avoid defeat. So beware!

CHANGE OF PLANS: There are games where you must change the battle plan in the midst of the battle. For some, that is psychologically impossible, and they go down to defeat.

GAMBLING GAMBLITEERS: Smart gamblers never gamble, and when a master sacrifices a piece, you can usually prepare to resign.

UNTIMELY RESIGNATIONS: Some games are lost by asking for a draw when it is too late, and some are lost by resigning too soon: some players even resign when they have a win!

RECKLESS AND WRECKLESS? The player who moves without a motive is an accident going somewhere to happen.

THE UNBEATEN PATH: The conformist expert will probably draw many games, but the non-conformist expert will probably win many games? and become a master?

STICK-TO-IT-IVE-NESS: Some players possess hardly any talent except perseverance, and occasionally they become champions.

KNOWLEDGE IS POWER: Knowledge alone cannot make a player, but lack of knowledge can surely unmake one.

YOUR MANUSCRIPT: The player who records his losses today won't repeat them tomorrow.

THE MOVE IS THE MESSAGE: Every time your opponent moves he tells you something, but you must listen closely.

THE BIG GAMBLE: There will be times in the game when your only chance is to take a long shot, knowing you may draw, but also knowing that you may lose: A throw of the dice in a game of skill.

LORELEI: Players are usually at their most confident peak -- just before they walk into -- disaster.

INTUITION: What your instinct tells you, your brain should follow.

THE LONG WAY HOME: Cut short your search for the short-cut: the long way is the short way and the right way.

MEMORY MACHINES: Don't try to rely solely on the books, your memory isn't good enough: try a little understanding.

REVERSING ROLES: He liked to set traps, but he always turned out to be the trapped; not the trapper.

THINKING GAMES: The woodpusher thinks every other move, the master thinks every move, that makes all the difference.

EN PASSANT: Victory makes us poets, defeat makes us philosophical.

GOLDMINE OF THE BOARD: When I'm asked why I spend so much time on the endgame, I reply: "That's where the wins are."

HE WHO PLAYS & RUNS AWAY: Knowing when to take the draw is the mark of a true champion.

THE FOLLOW THROUGH: Once you get a win you have to know how to execute it, or your opponent may execute you.

FALSE SECURITY: It is better that you lose an unsound game, than draw it and still think it is safe. Later, you might lose this same game in a more important event.

HOBGOBLINS: Most players feel they always have to be consistent, but masters are more prone to change their opinions about their lines of play.

GRESHAM'S LAW: Good playing, in the long run, drives out and defeats bad playing.

THE COPY CAT: After your surprise attack wins for you, some clever players adopt the same play, and score with it! Moral: Know the defense as well as the attack.

DOUBLE CHECK: Moves that were once thought to draw-are now known to lose; and moves that were once thought to win-are now known to draw. Play is always in a state of flux.